CSB Mortgage Enters Dayton Market, Anticipates Growth

July 24, 2013
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DAYTON – The Cortland Savings and Banking Company, “Cortland Banks”,of Northeast Ohio is pleased to announce the expansion of its wholly-owned subsidiary, the CSB Mortgage Company, Inc. into the Dayton mortgage market.

“Expanding our mortgage company into Western Ohio is largely due to the robust lending opportunity and construction taking place in the area,” Paul Snyderman, Senior Vice President of CSB Mortgage said.

The new mortgage production office located on Washington Village Drive in Dayton will be run by one of the top mortgage originators in the nation, Kathy Shaw. Shaw was named one of the nation’s Top 200 mortgage originators in 2012 by Mortgage Executive Magazine, ranking No. 54, and brings with her more than 25 years of financial and lending expertise, and was most recently employed with First Place Bank. Over the past 10 years, Shaw has closed over a billion dollars in mortgage loans. Shaw will operate as Senior Vice President of Mortgage Lending for CSB.

“I am proud to be a part of a fast growing, competitive organization,” said Shaw.

“In a highly competitive environment, who you choose as your business partner sets you apart from the rest of the crowd.  Great rates, extensive products and my extensive experience will ensure the Dayton market and surrounding areas will receive the highest quality mortgage service.”   

The CSB Mortgage Company, Inc. was formed in 2011 in Cortland, Ohio, as a wholly owned subsidiary of The Cortland Savings and Banking Company, “Cortland Banks.”  CSB Mortgage purchases high quality mortgage loans originated by mortgage brokers, mortgage bankers, banks and credit unions in the Midwest for sale on the secondary market. It currently conducts its wholesale mortgage business in 11 states: Ohio, Michigan, Illinois, Indiana, Wisconsin, Florida, Pennsylvania, South Carolina, North Carolina, Virginia, and Kentucky.

With the new Dayton Mortgage Loan Production Office, CSB Mortgage plans to increase its own retail mortgage lending activities, by adding experienced mortgage loan originators to its growing base of employees.    There are plans to continue to add mortgage originators throughout the state including the Cleveland and Columbus Ohio areas.

The CSB Mortgage Company is a subsidiary of The Cortland Savings and Banking Company, whose parent company Cortland Bancorp (TICKER: CLDB) has assets exceeding $500 million.


For more information please contact: ?Sara A. Smith, AVP, Marketing & Communications Director ?Cortland Banks 194 West Main Street, Cortland, Ohio 44410?(330) 637-8040, ext. 1132 | ssmith@cortland-banks.com | www.cortland-banks.com
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